Long
SPWR BUY
SPWR has been riding like a BULL. I notice that We rejected ATH at 54.88. I then realized there was a huge slide down like every other stock. I noticed that there is ample opportunity as this dip closed bullish on the hour, 15 and 5 min. I am sitting on a break above the 1.618. It closed directly at the 1618 and I am expecting a close above, consolidation as retest then move forward. If it breaks below and engulfs Id look to see what EMAS look like on lower time frames and then daily engulf at the end of the day to determine if it is a good swing to hold.
Confirmations on Monthly
• Proper accumulation and distributions set up.
• Huge push up and break above retest of nose of nose
Close and hold above that Nose on higher time frame.
As you zoom in, You notice SPWR rejected off that previous broken resistance.
Confirmations: Weekly
• Huge candle on weekly
• Proper retracement to previous level (broken resistance)
• Rejection off of the next zone in confluence with the 1.618.
Huge wick on dip and at recent highs.
Things to look for:
• Have to make sure this candle closes above at 9:30 am.
It is possible there can still be some selling pressure
Now, as I zoom in I realize that although volatility was there today, The big dip was bought at monthly zone from previous levels.
Confirmations: Daily
• Wick off of previous zone
• Big rejection at level
Closed above previous weekly highs(meaning buyers are still in buying DIP
Now, on the smaller time frame I spotted a reverse head and shoulders, same set up we had on the left side before shooting up really well.
Confirmations: 15 min
• It closed above previous WH.
• Held EMAs which are holding overall market trend
• Possibility of revisiting recent time highs.
Look for profit target at 50 dollars.
Confirmations on Monthly
• Proper accumulation and distributions set up.
• Huge push up and break above retest of nose of nose
Close and hold above that Nose on higher time frame.
As you zoom in, You notice SPWR rejected off that previous broken resistance.
Confirmations: Weekly
• Huge candle on weekly
• Proper retracement to previous level (broken resistance)
• Rejection off of the next zone in confluence with the 1.618.
Huge wick on dip and at recent highs.
Things to look for:
• Have to make sure this candle closes above at 9:30 am.
It is possible there can still be some selling pressure
Now, as I zoom in I realize that although volatility was there today, The big dip was bought at monthly zone from previous levels.
Confirmations: Daily
• Wick off of previous zone
• Big rejection at level
Closed above previous weekly highs(meaning buyers are still in buying DIP
Now, on the smaller time frame I spotted a reverse head and shoulders, same set up we had on the left side before shooting up really well.
Confirmations: 15 min
• It closed above previous WH.
• Held EMAs which are holding overall market trend
• Possibility of revisiting recent time highs.
Look for profit target at 50 dollars.
-BLKopalInvestments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
-BLKopalInvestments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.